On Tuesday, Tapestry stock received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 74.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves. See if Tapestry stock can continue to show renewed price strength and hit that benchmark.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Tapestry Stock A Buy?
Tapestry is working on a consolidation with a 47.48 entry. See if it can break out in volume at least 40% above average.
The parent company to Coach, Kate Spade and Stuart Weiztman brands, saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 2% to 53%. Revenue rose from -5% to 5%. The next quarterly results are expected on or around Aug. 17.
Tapestry stock holds the No. 2 rank among its peers in the Apparel-Clothing Manufacturing industry group. Tapestry and Ermenegildo Zegna are also among the group's highest-rated stocks.
